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As EV demand grows there is an increasing need for cell manufacturing facilities close to automotive production. This has led to a boom in European cell plants, and the rest of the supply chain is also slowly making its way to Europe.

As China's elderly population grows, the number targeted by online fraud is also increasing, according to a survey released last month by internet giant Tencent and the Chinese Academy of Social Sciences.

As China faces an increasing elderly population, especially in the metropolis, Beijing has also taken their needs into consideration by formulating a series of corresponding design requirements for future needs.

Approval procedures should be completed in three months for rare-disease medicines and six months for those to help combat life-threatening illnesses. Meanwhile, prices for anti-cancer medicines will be reduced following the zero-tariff policy adopted last month. An alert system for precautions against supply shortages will be further enhanced, and drug reserves will be substantially expanded.

Arbor Pharmaceuticals, headquartered in Atlanta, Georgia, focuses on the cardiovascular, hospital and pediatric markets. New York-based private equity firm KKR agreed to buy more than 25 percent of Arbor in late December, which valued the privately held company at more than billion, according to Reuters.